NAB Quarterly Business Confidence

FF Notice Source released data 7 days earlier than scheduled;
Source
MeasuresLevel of a diffusion index based on surveyed businesses, excluding the farming industry;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased quarterly, about 20 days after the quarter ends;
Next Release
FF NotesAbove 0 indicates improving conditions, below indicates worsening conditions. There's a quarterly and monthly version of this survey - although the monthly survey is more timely and tends to have greater impact, the quarterly version has a larger sample size and additional questions regarding expectations;
Why Traders
Care
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Derived ViaSurvey of about 1,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the near and medium-term future;
Acro ExpandNational Australia Bank (NAB);